Under Armour Inc

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US Q2 in brief – Lands' End, VF Corp, Vince Holding Corp just-style | 19 Oct 20

In the latest second-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Despite many retailers swinging to a loss in the period – including G-III Apparel Group and American Eagle Outfitters –  online demand across its brands helped lift comparable sales at specialty clothing retailer Gap Inc, and casual clothing retailer Abercrombie & Fitch bounced back to profit. Elsewhere, VF Corp has seen net income tumble 60% to US$256.7m.


Under Armour to cut 600 corporate jobs Michelle Russell | 10 Sep 20

US sportswear retailer Under Armour is to cut around 600 corporate jobs as it extends a restructuring plan it laid out in April.


US Q1 in brief – VF Corp, J.Jill, Francesca's just-style | 31 Jul 20

In the latest first-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. VF Corp has reported a net loss of US$285.6m, while Francesca's has seen a 50% drop in net sales. Elsewhere, Macy's, Inc said its net loss totalled $3.58bn and PVH Corp has posted an "unprecedented" decline in revenue and earnings.


Fashion industry efforts to address global PPE shortages – Update just-style | 27 Jul 20

Texollini, Chargeurs*PCC Fashion Technologies, and Crystal International are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic. 


US Q4 in brief – Boot Barn Holdings, VF Corp, PVH Corp just-style | 21 May 20

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has posted a fall in both earnings and revenue, while VF Corp and PVH Corp have both reported a net loss. Elsewhere, Oxford Industries has booked its twelfth consecutive quarter of positive comparable sales, while G-III Apparel Group saw profit rise but revenue fall.  


Global retail staff and salary reductions amid Covid-19 – Update just-style | 1 May 20

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:


Under Armour names Lisa Collier product chief Hannah Abdulla | 16 Apr 20

US sportswear brand Under Armour has appointed Lisa Collier as its new chief product officer.


3D virtual design and fit tools keep fashion on track Leonie Barrie | 15 Apr 20

With fashion supply chains around the world fracturing in the face of travel bans, factory shutdowns and remote working, tools such as 3D virtual design, fit and prototyping software are helping businesses to stay on track.


Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


Under Armour board approves 2020 restructuring plan Beth Wright | 6 Apr 20

The board of Under Armour has approved a previously planned restructuring initiative amid the news the sportswear brand will temporarily lay off staff at its full-price and outlet stores along with about 600 employees that work at its US-based distribution centres.


Under Armour monitors supply chain amid coronavirus fallout Beth Wright | 12 Feb 20

Under Armour is assessing the potential impact of the coronavirus outbreak on its supply chain as the US sportswear brand expects a hit of up to US$60m on first-quarter sales in the APAC region – and says it is looking at a potential 2020 restructuring plan.


Under Armour sourcing exec takes on COO role Hannah Abdulla | 6 Feb 20

Under Armour is embarking on a leadership shakeup that sees its supply chain exec Colin Browne assume greater responsibility as he becomes chief operating officer (COO).


US Q3 in brief –Boot Barn Holdings, VF Corp, Genesco just-style | 5 Feb 20

In the latest third-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered an increase in both profit and revenue with the company "well-positioned" to deliver a solid finish to fiscal 2020, Stage Stores has narrowed its net loss, and American Eagle Outfitters has booked record sales. Elsewhere, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell. 


US Q2 in brief – Boot Barn Holdings, VF Corp, Stage Stores just-style | 1 Nov 19

In the latest second-quarter filings from US apparel and footwear brands and retailers, Boot Barn Holdings has delivered what CEO Jim Conroy called an "outstanding" second-quarter, VF Corp has reaffirmed its full-year outlook, and Oxford Industries has posted its tenth consecutive quarter of consolidated comparable sales growth. Elsewhere, Genesco moved to a profit, while G-III Apparel Group has revised its full-year guidance in the wake of Trump's latest tariff hike. 


Under Armour's Frisk to succeed Plank as CEO Beth Wright | 23 Oct 19

US sportswear brand Under Armour is promoting president and COO Patrik Frisk to CEO in the New Year as current chief Kevin Plank steps aside to become executive chairman and brand chief, where he will focus on long-term vision and product.


Under Armour's Virgin Galactic spacesuits revealed Beth Wright | 18 Oct 19

US sportswear brand Under Armour has revealed a first look at the footwear and apparel it is developing for Virgin Galactic – the world’s first commercial spaceline.


US Q1 in brief – Boot Barn Holdings, VF Corp, Cherokee Global Brands just-style | 1 Aug 19

In the latest first-quarter filings from US apparel and footwear brands and retailers, VF Corp has raised its fiscal 2020 outlook, Cherokee Global Brands booked a mixed first quarter and announced it will officially rebrand to Apex Global Brands, Destination Maternity reported a challenging start to the year amid the news Marla Ryan will step down as CEO, while PVH Corp saw profits slip. Dick's Sporting Goods enjoyed higher sales as did Footlocker. 


Under Armour digitises size range for 3D avatar fleet Beth Wright | 12 Jul 19

US sportswear giant Under Armour has teamed up with apparel size and fit specialist Alvanon to digitise its fit forms to create a range of 3D digital avatars across sizes running from an infant 0 to men's 5XL.


US Q4 in brief – VF Corp, Boot Barn Holdings, Destination Maternity just-style | 23 May 19

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Iconix Brand Group reported a GAAP net loss, CEO of PHV Corp, Emanuel Chirico, said the company is "very pleased" with its fourth-quarter and full year 2018 results, and Guess Inc released its first results under new CEO Carlos Alberini.


New Under Armour apparel line mimics infra-red sauna Beth Wright | 5 Apr 19

The latest training apparel collection from US sportswear brand Under Armour features a new mineral-infused fabric technology that works to enhance performance by recycling the body's energy.


Under Armour achieves FLA accreditation Beth Wright | 15 Mar 19

The Fair Labor Association (FLA) has accredited US sportswear brand Under Armour's social compliance programme in a move that confirms the company has strong policies and practices in place to set goals, monitor, and remediate problems to improve conditions for the workers within its global supply chain.


US Q3 in brief – Boot Barn Holdings, VF Corp just-style | 6 Feb 19

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.


Under Armour to develop Virgin Galactic spacesuits Beth Wright | 25 Jan 19

US sportswear brand Under Armour could be sending its clothing into space after teaming up with Virgin Galactic to create space suits for passengers and pilots.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


Under Armour to slash 400 more jobs Beth Wright | 21 Sep 18

Under Armour is to cut 3% of its global workforce as part of the US sportswear brand's 2018 restructuring plan in a move it says could push related expenses up to US$220m.


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn just-style | 8 Aug 18

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.


Top 10 apparel brands combined worth US$111.3bn Beth Wright | 1 Jun 18

The world’s top ten apparel brands have grown in value by 5% year-on-year and are now worth US$111.3bn, according to the 2018 Brandz Top 100 Most Valuable Global Brand rankings.


North America main source of Under Armour's woes Beth Wright | 14 Feb 18

Although Under Armour's fourth-quarter is an improvement on its last, one analyst says the US sportswear brand is still showing signs of a company in difficulty, particularly in North America - the main source of the firm's woes.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


Under Armour develops new footwear cushioning tech Beth Wright | 2 Feb 18

US sportswear brand Under Armour has developed a new footwear cushioning technology, designed to help runners to feel and perform better with less fatigue.

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